Thu, Feb 09 2012

Company briefs

Fri, Sep 05 2008 10:00 CET

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PRICE CUT
Bulgaria's largest private gas distributor Overgas cut the prices of gas deliveries to Dunavgas by 4.6 per cent as of September 1, the company has said in a statement. Dunavgas sells gas in northern Bulgaria near the Danube River and its hub is in Rousse.

ICE CREAM
Food giant Nestle plans to move its ice cream production from Romania to Bulgaria. Nestle has a factory in Varna, where the ice cream will be made as well, Nestle representatives in Bulgaria and Romania said, as quoted by Bulgarian-language daily Dnevnik on September 3. The decision was a result of re-organisation of its business.

LIDL IN BULGARIA
German retailer Lidl will start building a pilot outlet in the city of Lovech, northern Bulgaria, the company said. Work on a further five outlets will begin by the end of 2008, followed shortly by the start of construction of five more Lidl stores. The discount-segment retailer hopes to have 10 to 12 open outlets in Bulgaria by 2010. The company will also invest in a distribution centre, the land for which has already been bought, although the company is yet to disclose its location.

BUSINESS PARK ROUSSE
Business Park Rousse will be ready to welcome its first tenants in the first quarter of 2011, developer Iris said on September 3. The development will be built in three stages, Bulgarian-language daily Dnevnik reported. The business park, sprawling over 2.3ha in Bulgaria's largest city on the Danube River, will have only class A office buildings.

BULGARTABAC
Bulgartabac Holding, the former Bulgarian tobacco monopoly, reported a net loss of 25.4 million leva for the first six months of 2008, rising from the 14.4 million leva consolidated loss recorded in the first quarter of the year, Bulgarian-language daily Monitor reported on September 3. In July 2008, Bulgartabac sold two of its loss-making factories in Plovdiv and Stara Zagora on the Bulgarian Stock Exchange, which is expected to help its full-year results.

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Appointments

British Council

British Council

Lyubov Kostova was appointed country manager of British Council Bulgaria effective January 1, replacing Tony Buckby, who left in October 2011 to take a similar position at British Council Greece. Kostova has been with British Council Bulgaria for 11 years, as public communications manager and, since 2008, as the head of project and partnerships department. Prior to joining the British Council, Kostova was head of international activities at the National Academy for Theatre and Cinema Arts (NATFIZ). She has a degree in Indian studies from Kliment Ohridski Sofia University.

CEZ

CEZ

Stefan Apostolov is the new chief executive of CEZ Razpredelenie Bulgaria, the power transmission subsidiary of Czech energy company CEZ in the country. He replaces interim chief executive Ales Damm, who remains the chairperson of the CEZ Razpredelenie management board. Apostolov has 30 years of experience in the energy sector, joining CEZ in 2007 as director of customer service and was later appointed as head of business development. Apostolov has a master's degree in electric systems from the Belorussian National Technical University in Minsc, management diplomas from Open University London and New Bulgarian University, as well as a master's degree in business administration from Plovdiv University.

Rompetrol Bulgaria

Rompetrol Bulgaria

Alexander Albin has been appointed chief executive of fuel distributor Rompetrol Bulgaria, replacing Nichita Sorin, who left to become chief executive of Rompetrol Gaz in Romania. Albin was previously chief executive of Rompetrol Georgia. He has more than 15 years of experience in the oil and gas industry; prior to joining Romania's oil group Rompetrol in 2008 as an adviser, he oversaw operations at Atyrau refinery in Kazakhstan, owned by Rompetrol's parent company KazMunaiGaz. He previously held top management positions at two other leading Kazakh oil and gas companies.

BASF Bulgaria

BASF Bulgaria

Valentina Dikanska is the new general manager of chemical industry giant BASF subsidiary in Bulgaria, taking over from Herbert Fisch, BASF vice president for Southeastern Europe. Dikanska, who started her career as an expert in the Finance Ministry, joined BASF Bulgaria as director of finance and administration in 2002. She becomes the first Bulgarian to hold the top management position in the company in its 40-year history on the Bulgarian market. Dikanska holds a master's degree in economics from the University for National and World Economy in Sofia.

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